Markets have been wild lately – big short squeeze last Friday and a V-bottom reversal this afternoon. Put those (2) clues together and it’s easy to see why this BEAR TRAP might be the easiest money we make all week!

West Texas Intermediate (WTI) Oil price continues to decline for the fifth consecutive day, trading around $73.90 per barrel during the Asian session on Tuesday.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, June 3.

Both the ES and the NQ continued to churn for much of Monday's trade. I focused on the hourly chart to update the picture. Expectations remain for the current preferred count to move higher before completion.

The WTI crude oil futures contract has broken below the key 76.01 support level, plunging as low as 73.65 in recent trading sessions. This technical breakdown suggests that the broader downtrend from the 87.07 high on April 5th has resumed.

South Korean inflation slips below consensus. Australia reports net exports ahead of Wednesday’s GDP data.